Attorney Sungwoo Kim of Solaris Law Firm contributed an expert column to 'Solar Today,' a leading domestic media outlet specializing in solar power and renewable energy, on the topic of <[Solar Issues Explained by Law] The Current Status of Direct PPA in South Korea and the Path Forward>.
In this article, Attorney Sungwoo Kim diagnosed the current state of South Korea's direct Power Purchase Agreement (PPA) system in light of global carbon neutrality demands and the spread of the RE100 campaign. In particular, he conducted an in-depth analysis of the practical barriers preventing the activation of direct PPAs, including the lack of transparency in grid usage charges and additional settlement costs, as well as the complex contract structures among stakeholders.
Furthermore, he proposed concrete legal and policy measures to revitalize the market, including establishing a transparent cost structure, expanding the role of renewable energy power suppliers, and providing tax benefits and incentive support.
Based on Solaris Law Firm's unrivaled expertise accumulated in the fields of renewable energy and environmental regulation, we will continue to provide optimal legal services to help corporate clients successfully achieve RE100 implementation and sustainable ESG management.
Attorney Sungwoo Kim of Solaris Law contributed an expert column to 'Solar Today,' a leading domestic media outlet specializing in solar and renewable energy, titled "[Resolving Solar Issues with Law] The Current State and Future of Direct PPA in South Korea."
In this article, Attorney Sungwoo Kim diagnosed the current status of South Korea's direct Power Purchase Agreement (PPA) system amid the growing global demand for carbon neutrality and the RE100 campaign. He provided an in-depth analysis of the practical barriers hindering the revitalization of direct PPAs, such as the opacity of grid usage fees and additional settlement costs, as well as the complexity of contract structures among stakeholders.
Furthermore, he proposed specific legal and policy alternatives to revitalize the market, including the establishment of a transparent cost system, expanding the role of renewable energy suppliers, and providing tax benefits and incentives.
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Based on its unrivaled expertise accumulated in the fields of renewable energy and environmental regulations, Solaris Law will continue to provide optimal legal services to help corporate clients successfully achieve RE100 implementation and sustainable ESG management.